Knowles (NYSE:KN) has been given a $22.00 price target by research analysts at Robert W. Baird in a report released on Friday, TipRanks reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 9.95% from the company’s current price.

Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Zacks Investment Research lowered shares of ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. set a €117.00 ($136.05) price target on shares of Siemens and gave the company a “buy” rating in a report on Tuesday, April 2nd. Susquehanna Bancshares lifted their price target on shares of Sherwin-Williams from $545.00 to $580.00 and gave the company a “positive” rating in a report on Thursday. Finally, Craig Hallum lowered shares of MarineMax from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.71.

KN stock traded up $0.34 during mid-day trading on Friday, hitting $20.01. 2,019,504 shares of the company were exchanged, compared to its average volume of 752,763. The firm has a market cap of $1.82 billion, a P/E ratio of 25.01, a PEG ratio of 2.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.85 and a quick ratio of 1.46. Knowles has a twelve month low of $12.20 and a twelve month high of $20.06. The stock’s fifty day moving average is $17.67.

Knowles (NYSE:KN) last announced its quarterly earnings data on Wednesday, July 24th. The communications equipment provider reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $205.20 million during the quarter, compared to analyst estimates of $195.06 million. Knowles had a net margin of 7.88% and a return on equity of 6.27%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. On average, equities research analysts expect that Knowles will post 0.89 EPS for the current year.

In related news, CFO John S. Anderson sold 7,500 shares of Knowles stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $18.11, for a total value of $135,825.00. Following the sale, the chief financial officer now directly owns 84,312 shares in the company, valued at approximately $1,526,890.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Niew sold 20,000 shares of Knowles stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00. Following the completion of the sale, the chief executive officer now owns 313,839 shares in the company, valued at $6,276,780. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in Knowles by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 35,536 shares of the communications equipment provider’s stock valued at $651,000 after purchasing an additional 600 shares during the last quarter. Mason Street Advisors LLC lifted its position in Knowles by 3.4% in the 1st quarter. Mason Street Advisors LLC now owns 28,974 shares of the communications equipment provider’s stock valued at $511,000 after purchasing an additional 961 shares during the last quarter. Rothschild & Co. Asset Management US Inc. lifted its position in Knowles by 0.6% in the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 149,806 shares of the communications equipment provider’s stock valued at $2,641,000 after purchasing an additional 966 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in Knowles by 5.4% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 22,567 shares of the communications equipment provider’s stock valued at $398,000 after purchasing an additional 1,151 shares during the last quarter. Finally, We Are One Seven LLC lifted its position in Knowles by 5.0% in the 2nd quarter. We Are One Seven LLC now owns 28,611 shares of the communications equipment provider’s stock valued at $523,000 after purchasing an additional 1,350 shares during the last quarter.

Knowles Company Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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Analyst Recommendations for Knowles (NYSE:KN)

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